Public Sector Pension investment Board Acquires 627,900 Shares of Suncor Energy Inc. (SU)

Public Sector Pension investment Board lifted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 23.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,306,510 shares of the oil and gas producer’s stock after buying an additional 627,900 shares during the quarter. Suncor Energy makes up 0.8% of Public Sector Pension investment Board’s portfolio, making the stock its 14th biggest position. Public Sector Pension investment Board owned approximately 0.20% of Suncor Energy worth $96,468,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. First Personal Financial Services lifted its position in shares of Suncor Energy by 144.1% in the 2nd quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock worth $112,000 after buying an additional 2,270 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Suncor Energy by 6.0% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 4,224 shares of the oil and gas producer’s stock worth $130,000 after buying an additional 238 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Suncor Energy by 13.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock worth $136,000 after buying an additional 562 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Suncor Energy by 680.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,735 shares of the oil and gas producer’s stock worth $167,000 after buying an additional 5,000 shares during the last quarter. Finally, Financial Architects Inc lifted its position in shares of Suncor Energy by 1.4% in the 2nd quarter. Financial Architects Inc now owns 6,806 shares of the oil and gas producer’s stock worth $199,000 after buying an additional 93 shares during the last quarter. Institutional investors own 64.05% of the company’s stock.

Suncor Energy Inc. (SU) traded up 0.7487% during trading on Wednesday, reaching $34.2042. 769,475 shares of the company’s stock traded hands. The company has a market capitalization of $56.76 billion, a price-to-earnings ratio of 26.4943 and a beta of 0.82. Suncor Energy Inc. has a 12 month low of $25.70 and a 12 month high of $34.37. The firm’s 50 day moving average is $32.34 and its 200-day moving average is $31.04.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Tuesday, September 5th will be given a dividend of $0.2552 per share. This is an increase from Suncor Energy ‘s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $1.02 annualized dividend and a yield of 3.01%. Suncor Energy ‘s dividend payout ratio is 84.43%.

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Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Suncor Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub upgraded shares of Suncor Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. AltaCorp Capital downgraded shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 28th. Citigroup Inc. reiterated a “buy” rating on shares of Suncor Energy in a research report on Wednesday, August 2nd. Finally, Scotiabank downgraded shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, June 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Suncor Energy has an average rating of “Buy” and an average target price of $42.86.

About Suncor Energy

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

Institutional Ownership by Quarter for Suncor Energy  (NYSE:SU)

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